The Daily Banner, Greencastle, Putnam County, 7 August 1968 — Page 9
Wednesday, August 7, 1968
The Daily Banner, Greencastle, Indiana
Page 9
Steel company will not rescind price increases
PITTSBURGH (UPI)-Refus-ing to bow under administration pressure, Pittsburgh Steel Co.
Syracuse, N.Y., division. Pittsburgh Steel, the nation’s
11th largest steelmaker in
per cent on the products affected and was equal to only
military uses. Crucible’s new
told President Johnson Tuesday terms of employment, said none 2.87 per cent of the company’s increases and decreases”—
it would not rescind wind, ranging price increases it
announced last week.
of its price increases involved steel used in defense materials. In reply to a telegram from
ed an average increase of 4.8 increases on steel for certain and increased rates on nine
grades. The firm cut prices on
“selective three grades of stainless sheet
and boosted rates on seven
grades of sheet.
Crucible said its revised rates reflected the industry’s recent
1967 sales volume/
said.
Maxwell effective Monday—ranged from
3 per cent hikes on certain
He said the price boost grades of sheet and strip
At the same time, Crucible Johnson urging price restraint, “demonstrates that the most products to 4 per cent record wage settlement with the
Steel Corp., with an eye toward a defense department boycott and competition from abroad,
Pittsburgh Steel President Alii- serious and thoughtful evalua- reductions on other items in
son R. Maxwell Jr. wired the tion requested by you has been these lines.
President that the firm “gave given by Pittsburgh Steel Co.’
shied away from a blanket price the mos t careful consideration The Pittsburgh and Crucible
to its decision to raise prices.” announcements followed the “Price increases announced action of two giants—Republic last Thursday . .. covered less Steel and Armco Steel—which
The net impact appeared to be a price increase, but on a
steel union and the “impact of
foreign competition.”
Republic Steel, the nation’s third largest producer and
increase and announced it was raising—a n d lowering—prices
on certain lines.
Last week, Crucible an-
smaller scale than the boosts supplier of about 19 per cent of imposed by other firms which the steel used by the military,
drew Johnson’s ire and a
than 60 per cent of the sales broke ranks late Monday with federal buying boycott.
nounced higher rates on most volume of Pittsburgh Steel Co. eight other major producers stainless steel products at its for the year 1967 and represent, and rolled back scheduled
Crucible lowered prices on four grades of stainless strip
said it would not raise prices after all on steel for shell
casings and barbed wire. Fourth.ranked Armco said it
would go back to the old price on stainless steel and seamless pipe used in bombs. But it let stand a $G-a-ton boost for shell
steel.
Bethlehem Steel, the No. 2 producer, said its across.the. board 5 per cent increase would stand but added: "We will be competitive,” meaning it would meet the market selling price. Bethlehem started the Industry.White House showdown last week by being the first steelmaker to announce a blanket increase.
BIG SELECTIONS anW BELL RINGING SAVINGS!
Pants of 50% Fortrel a! /50% Cotton 100% Cotton Sport Shirts BOYS' 3 to 7 2-PIECE SLACK SETS
$094
REG. $3.98 SAVE $1.04
Cotton sport shirts, regular or button collar in solids with embroidery, stripes and prints. Boxer pants with zip front of 50% Fortre!® polyester and cotton in assorted colors. ®Rt|. Fiber Industries lee. TM
PERMANENT PRESS N(V(R NEEDS IRONING
OXFORD-STRIPE-PLAID WITH SOIL-RELEASE SPORT SHIRTS
REG. $2.98 SAVE $1.04
$194
Tailored to his taste with tapered fit and long tails. Button-down stand-up collar. Solid color oxford, stripes, woven plaids with soil-release. S, M, L.
PERM AS HESS
Polyester & Cotton Blend
BOYS' SPORT SHIRTS 6 to 18
Polyester end cotton blended sport shirts with tapered fit, long tails. Solid colors, oxfords, stripes,
tattersalls, plaids. Button-down collar. REGULAR $2.49 SAVE 75c
$174
PXRMANENT PRESS NEVER NEEDS IRONING
Murtag
OUR OWN BRAND
BOYS' IVY STYLE PANTS Neat Ivy style pants of 78% cotton and 22% polyester. Styled with cuffs. They're easy care and pre-shrunk. Black, bronze and medium blue. 6-18.
REGULAR $3.99 SAVE $1.25
$974
. C. MURPHY CO. - First Quality Always
12 E. Washington
OL3-3314
Palestine news
This community extends sympathy to the Frank Woods family. Mr. Woods was a former trustee of Floyd Township. Rhonda Sutherlin and friend, of Brazil, have been visiting her grandparents, Mr. and Mrs. Clarence Beck the past several days. Mrs. Marie Oliver spent Friday night with her mother, Mrs. Fred Beck. Mrs. Stella Fitzswater was taken to the home of her son, Richard Fitzswater, Tuesday. She was in an auto accident sev-
eral weeks ago and is improving very slowly. Mrs. Myrtle Buis and grandson called on Mr. and Mrs. Henry Osborn, Thursday evening. Mr. and Mrs. Marvin DeSpain, Indianapolis, spent Sunday with Mr. and Mrs. Henry Osborn. Mr. and Mrs. Dee Hand were recent guests of Mr. and Mrs. Ott Hand. Mrs. Alden Duff entertained her mother Thursday night and Friday.
By BERNARD BRENNER UPI Farm Editor
WASHINGTON (UPI) — The world’s milk production by 1975 will probably be about 4 per cent short of meeting world needs. But at the same time, the dairy Industry is likely to be plagued by unsold surpluses which will tend to hold a lid on prices. This contradictory view of the outlook for dairying is contained in a recent report published by the Food and Agriculture Organization of the United Nations. FAO specialists explained most increases in demand for milk will come in developing countries which cannot produce all they need and cannot afford to pay cash for imports. With potential demand stifled to some extent in the develop, ing areas, the FAO report said prices may rise in the hungry nations but there may be “some downward pressure on prices on the world markets and in exporting countries.” To ease the situation in which developed nations produce surpluses while poor countries have unmet needs, the FAO report suggested a three - stage effort. The report said food aid programs using skim milk powder should be increased, major producing and exporting countries should consider discouraging
surpluses by new price and out. put policies, and developing nations should step up efforts to increase production. The FAO study indicated the U.S. dairy industry is likely to remain at a virtual standstill through 1975. American milk production in 1975 was estimated at 57 mil. lion tons, unchanged from the 1961-63 average despite sizeable gains in U.S. population. The study said a continuing decline in the average American’s use of milk would offset the growing number of consumers. The projections indicated both the U.S. and Canada would continue to have relatively small dairy surpluses in 1975. The world's major dairy sur. plus areas in 1975, according to FAO experts, will be France, Holland, Denmark, Australia, New Zealand and the Soviet Union. Major dairy shortage areas in 1975 may be parts of Asia, Africa, Latin America, southern Europe, Japan and the United Kingdom. Looking ahead to 1985, FAO experts said demand in many developing countries may be two or three times the 1961-63 level. If economic growth continues in these areas, they may become more important commer. cial customers for the dairy farmers of areas like Europe, Australia and the U.S.
Fern news
Sunday guests at the home of Mr. and Mrs. Ernest Heber were Mr. and Mrs. Arthur White, Spencer; Mr. and Mrs. Lester Hayes, Knightsville; Carl Rockhill, Putnamville; Mr. and Mrs. James Clark and son, Paul; and Patty and Robbie Burks. Mrs. Mary Owens and Miss Susie Vickors called on Mrs. Nell Stoner and Mr. and Mrs. Ernest Heber, Thursday afternoon. Mr. and Mrs. James Clark and son, Paul, returned Friday from ParkviUe, Mo., where they spent a week vacation visiting Mr. and Mrs. William Perry and daughters. Mrs. Nadene Burks entered the Putnam County Hospital for minor surgery Friday evening. Mr. and Mrs. Wendal Thomas, Thomas Laske, called on Mr. and Mrs. Ernest Heber, Thursday evening. Mr. and Mrs. Roy Higgins, Greencastle, visited their cabin Sunday afternoon. Mr. and Mrs. F 1 o y dPhillips, Joy Cummings, Mr. and Mrs. Charles Fidler, Thomas Lake, and grandson, from Misawaka, and Mrs. Vivian Hutchison and
Secret launch By AL ROSSITER Jr. UPI Space Writer CAPE KENNEDY (UPI)-An Air Force Atlas-Agena rocket carrying a mysterious military payload thundered into the sky today in the first secret space launching at the cape in five years. The 120-foot rocket roared into life unannounced at 7:08 a.m. EDT and climbed into the cloudless sky atop a long column of brilliant orange flame and white smoke and vapor. Informed sources reported that there are several more cape launchings planned in the secret Atlas-Agena programs, with shots expected at three to five month Intervals.
son called on Mr. and Mrs. Ernest Heber, Saturday. Mr. and Mrs. Larry Clark and daughters and Mr. and Mrs. James Clark and son, Paul, called on Mr. and Mrs. Frank Clark and family at Greencastle, Sun. day afternoon. Miss Patty Burks spent the weekend with Miss Connie Torr, west of Limedale. Raymond “Sonny” Furney returned home last week from New Jersey and is spending this week with his grandmother and other relatives in Washington, Ind. Robbie Burks spent the weekend with Mr. and Mrs. Marvin Cox and family in Greencastle. Included in plank INDIANAPOLIS (UPI) — The Indiana headquarters of S t a t e Rep. William D. Ruckelshaus, Republican nominee for U.S. senator, said Tuesday his pro. posal for a plank on organized crime was included in the GOP national platform at the Miami Beach convention. Ruckelshaus’ office said herecelved word over the weekend from Sen. Hugh Scott of Pennsylvania, chairman of a subcommittee on human needs, that the Ruckelshaus recommendations were “receiving careful consideration In the plat, form committee’s deliberations.” “Then, in a transcript of the platform released late Sunday, a plank similar to that urged by Ruckelshaus was included which called for action aimed at the eradication of organized criminal activity within the country/’ his headquarters said.
Navy Seabees in Vietnam have erected hospitals totaling 1,500 beds in capacity and containing wards, surgical rooms, treatment facilities, utility systems. and kitchens.
r